You must have heard about quantity surveying in civil engineering and often wondered how to pursue it! This article discusses the prospects of quantity surveying after graduation.
You can now opt for an MBA in Construction Economics and Quantity Surveying, as it is one of the best quantity surveying courses available. But first, go through the detailed analysis of the scope, salary, and career benefits that it has to offer.
Responsibilities of a quantity surveyor
- A quantity surveyor’s responsibilities are multifaceted, covering key areas such as cost management, procurement, contract management, risk management, and value engineering.
- In the realm of cost management, these quantity surveying professionals play a pivotal role in overseeing and controlling costs throughout a project’s entire lifecycle. This involves creating estimates, budgets, and schedules to ensure strict adherence to financial parameters.
- From the project’s initiation to completion, quantity surveyors diligently monitor all facets related to costs, maintaining accountability for client and contractor expenses. Thus, they assume an impartial role that benefits all parties involved.
- Quantity surveyors also manage construction contracts, ensuring all project stakeholders adhere to the outlined terms and conditions. Additionally, they identify potential risks associated with a project and implement strategic measures to mitigate them, contributing significantly to the project’s safe and legally compliant completion.
Required skills
When considering the path to becoming a quantity surveyor, choosing one of the best quantity surveying courses undoubtedly plays a crucial role, but it’s equally vital to assess your skills. Various essential skills contribute to success in this field.
- A prospective quantity surveyor should possess robust communication skills, both written and verbal, to effectively convey complex information.
- Proficiency in mathematics for numerical and data analysis is imperative. Interpersonal skills are also essential.
- Analytical thinking and a creative problem-solving approach are valuable assets, along with a solid foundation in IT skills.
- Project management proficiency is crucial, as is the ability to perform under pressure and take initiative.
Expected salary of a quantity surveyor
In India, the anticipated salary for a quantity surveyor is subject to various influencing factors:
- Experience
Entry-level quantity surveyors with minimal to no professional experience can anticipate an annual salary of approximately ₹250,000. As experience accumulates, salary levels tend to rise. For those with a decade or more of experience, seasoned quantity surveyors may earn well over ₹10,00,000 annually.
- Location
Salary expectations are notably higher in major metropolitan cities such as Delhi NCR, Mumbai, Bangalore, and Chennai than in smaller towns or rural areas.
- Employer
The choice of employer significantly impacts salary levels. Employment with multinational corporations or prominent construction firms generally results in higher remuneration, whereas smaller firms or involvement in government projects may offer comparatively lower salaries.
- Qualifications
Choosing a good quantity surveyor course impacts the salary offered. Quantity surveyors with additional qualifications, such as a Master’s degree or professional certifications, often command higher wages in the job market.
What is the importance of quantity surveyors in construction projects?
- Cost Estimation
Quantity surveyors estimate material, labour, and construction-related costs, creating detailed cost plans for anticipated expenses.
- Cost Monitoring
They track actual costs throughout construction, making timely comparisons with estimated costs to identify and address discrepancies or potential overruns.
- Contract Management
Quantity surveyors ensure all parties in a construction project fulfil their obligations, actively participating in contract negotiations and resolving disputes if they arise.
- Budget Oversight
Their proactive approach helps prevent expenses from spiralling out of control, contributing to effective budget management throughout the construction project.
Which is the best college for pursuing a quantity surveyor course in India?
The MBA in Construction Economics & Quantity Surveying (CEQS) programme offered by the RICS School of Built Environment (RICS SBE) at Amity University is tailored to provide a comprehensive foundation in construction economics and quantity surveying. Geared towards preparing graduates for diverse opportunities within the construction management industry, the programme boasts the following key features:
- Duration
2 years (full-time)
- Curriculum
It encompasses a wide range of subjects, including construction economics, quantity surveying, project management, and business administration.
- Construction Economics
Covers areas such as cost estimation, cost control, finance, risk management, and market analysis.
- Quantity Surveying Course
This course focuses on measurement, cost estimating, tendering, contract administration, and dispute resolution.
They utilise a diverse approach, including lectures, tutorials, case studies, industry projects, and guest speaker sessions. Their faculty comprises seasoned professionals and academics with extensive industry experience in construction economics and quantity surveying.
In conclusion, the RICS SBE Amity University MBA in Construction Economics and Quantity Surveying is a highly regarded programme designed to equip individuals with the knowledge and skills necessary for success in the construction industry. If you aspire to pursue a career in construction economics or quantity surveying and seek a programme that seamlessly integrates both disciplines, this offering stands out as a compelling option.
